3(16) Account Manager

Base salaries are determined during our interview process, by assessing a candidate’s experience, skills against internal peers and against the scope and responsibilities of the position.

Job Summary:       Overlay Enhanced and Comprehensive 3(16) Product; Maintain Bundled Recordkeeper/client/advisor relationship; review compliance testing; contribution calculations; and sign / file Form 5500  

Responsibilities:

• Interpret plan documents
• Thorough knowledge of ERISA, IRS & DOL regulations regarding qualified plans
• Review Form 5500 as prepared by Bundled Recordkeeper
• Enhanced and Comprehensive:
  1. Review compliance Testing as prepared by  the Bundled Recordkeeper (ADP/ACP; 415; 402(g) 416, 410(b))
  2. Review census data including any data integrity reports if applicable
  3. Review employer contribution calculations as prepared by Bundled Recordkeeper
  4. Review participant QDROs prior to sending to Legal
  5. Review participant home loan requests
  6. Review manual hardship distribution requests 
• Work with plan’s Form 5500 auditor
• Works with assigned Administrator to ensure deadlines are met timely
• Works with client to ensure plans corrections are properly executed.

• Comprehensive 3(16) Responsibilities
  1. Provides oversight and management of the following tasks as performed by  Bundled Recordkeeper
     • Review Plan Document
     • Review SPD and SMM for compliance with ERISA
     • Authorize ADP’s preparation of Notices
       • ACA; QDIA; blackout Notices
     • Authorize and review the Bundled Recordkeeper’s preparation of SAR
     • Confirm the Bundled Recordkeeper has prepared and distributed participant fee disclosure notice
     • Confirm forfeitures / Suspense Accounts were used in accordance with plan document
     • Confirm the Bundled Recordkeeper processed all involuntary distributions
     • Conduct Annual Plan Review (APR)
     • Works with Bundled Recordkeeper to pull contribution report to track the timeliness of contributions,

Requirements:

• 3-5 Years of Defined Contribution retirement compliance and service experience
• Excellent Client Relationship skills
• Excellent communication and organizational skills
• Problem solving ability
• Ability to work in fast paced team environment 
• Working knowledge of Microsoft office (excel, word, outlook)
• Working knowledge of FT Williams Government forms a plus
• ASPPA designations a plus or be willing to obtain designations
• Ability to ensure timely and accurate completion of all assigned client’s compliance testing, valuation reporting and tax filings.
• 3(16) Fiduciary Services knowledge a plus
• If remote employee, must have previous experience working from home